RPS (ReversPointStiven) indicator is based on ZigZagPointer and OscillatorJordan indicators. When the oscillator readings change near the extreme point, a signal in the form of an arrow appears on the chart. This allows you to avoid false signals and define market entry/exit points more accurately. Sometimes, the indicator generates signals without displaying an arrow. Such signals forecast the continuation of a trend.

The indicator features alert and push notifications.

Inputs

• Timeframe - working timeframe. You can set a higher timeframe than the current one. In that case, the signals are more rare but more accurate.
• Periods - oscillator period. The lesser the value, the faster the indicator reacts to changes.
• ExtDepth - zigzag indicator settings. This is the lowest number of points between the extreme points (Highs and Lows) of two adjacent candles for forming a local bottom or top (in %).
• ExtDeviation - zigzag indicator settings. Define the interval or number of candles afyer a previous indicator's extreme point, at which no search for a new extreme point is performed.
• ExtBackstep - zigzag indicator settings. This is the minimum value of the number of candles between all local extreme points (Highs or Lows).
• Showalert - enable alerts (yes/no).
• SendPush - send notifications (yes/no).
• SendMailInfo - send email alerts (yes/no).